Petrus 1989 Imperial Fetches More Than $35,000 at Sotheby's SaleBy
Lafite 1982, Mouton 2000 among top Bordeaux wines at auction
Chambertin ’80 Armand Rousseau magnums lead Burgundy lots
A six-liter imperial of 1989 Petrus from the Pomerol region of Bordeaux fetched 28,200 pounds ($35,100) from a U.K. private bidder at a Sotheby’s wine sale in London last week, exceeding the upper estimate of 20,000 pounds, according to an e-mailed statement from the auction house.
Twelve bottles of Chateau Lafite Rothschild 1982 sold for 22,325 pounds. Among Burgundies, six magnums of Chambertin 1980 Armand Rousseau went for 18,800 pounds, compared with an upper estimate of just 3,000 pounds, while six bottles of La Romanee 2002 Domaine du Comte Liger-Belair fetched 16,450 pounds. Auction prices included a 17.5 percent buyer’s premium, which was not included in presale estimates.
The auction came as the market for top-end Bordeaux wine has been recovering after a 40 percent plunge in prices of many first growths. The London-based Liv-ex Fine Wine 50 Index of top Bordeaux rose 27 percent last year, recouping some of the ground lost during the five previous years of declines. Demand for scarce or historic Burgundy bottles remains solid, as does appetite for wines from regions such as the Rhone, northern Italy and California.
The Feb. 22 sale was “very strong across the board,” Stephen Mould, head of Sotheby’s Wine Europe, said in the statement. “The collection included some fabulous Burgundy, with rare Rousseau rocketing several times over the high estimate.”
Twelve bottles of Chateau Mouton Rothschild 2000 sold for 15,275 pounds, while a 12-bottle case of Chateau Lafite 2000 fetched 13,513 pounds and two magnums of Petrus 1990 went for 10,575 pounds.
Sotheby’s has other wine auctions scheduled for March 25 in New York and March 29 in London.